Capstone Logo] CAPSTONE CHURCH BOND FUND
[Capstone Logo]
November 13, 2008
Board of Trustees
0000 Xxx Xxxxxx, Xxxxx 0000
Houston, TX 77057
Re: Expense Limitation Agreement
Dear Sirs:
Pursuant to paragraph 1(c) in the EXPENSE LIMITATION AGREEMENT (“Agreement”), effective as of October 5, 2005 by and between Capstone Asset Management Company (“CAMCO”) and Capstone Church Bond Fund, CAMCO agrees to extend the duration of the Operating Expense Limit, as described in the Agreement, to January 28, 2010. This letter shall be attached as an exhibit to the Agreement.
Very truly yours,
CAPSTONE ASSET MANAGEMENT COMPANY
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By: |
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Xxxxxx X. Xxxxxxx, President |
